Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 (SEBI (LODR) Regulations, 2015), we wish to inform you that the Board of Directors of the Company at their meeting held on Friday, the 13th June, 2025, which commenced at 5.00 P.M. and concluded at 5.30 P.M., inter-alia has approved the attached agenda items.
CRAFTSMAN · price
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The Board of Craftsman Automation, at its meeting on 13th June 2025, approved several items. Sharp & Tannan was re-appointed as Statutory Auditors for a second 5-year term, KSR & Co Company Secretaries LLP was appointed as Secretarial Auditors for 5 years (FY26–FY30), and S. Mahadevan & Co was re-appointed as Cost Auditor for FY26. The Board approved the sale of land and buildings of its wholly owned subsidiary Sunbeam Lightweighting Solutions located in Gurgaon, noting that Sunbeam has already relocated its manufacturing to Tapukara and Salarpur-Bhiwadi in Rajasthan and 100% of unionised workmen opted for VRS. The Board also cleared an investment of up to Rs. 20 crore in group captive producer companies for captive power supply. The 39th AGM has been scheduled for 21st July 2025 (via video conferencing), with the record date fixed as 14th July 2025 for dividend eligibility.
Routine auditor re-appointments are procedural and have no material impact. The proposed sale of the Gurgaon land of Sunbeam is asset monetisation and is subject to shareholder approval, but no consideration amount or buyer has been disclosed yet. The Rs. 20 crore captive power investment is small relative to the company and aimed at reducing power costs. Investors should watch for the dividend announcement at the AGM on 21st July.